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Hipgnosis songs fund

Hipgnosis Songs Fund Cancels Interim Dividend, Citing Reduced Royalty Forecast — Shares Plummet to Record Low

Dylan Smith
October 16, 2023
On the heels of multiple less-than-ideal developments, Hipgnosis Songs Fund (LON: SONG) has nixed a planned dividend due to a substantially reduced estimate of incoming Phonorecords III royalty payments. Foll... Read More...
Anghami Labs

Anghami Faces Potential NASDAQ Delisting Due to Sagging Stock Price

Dylan Smith
October 16, 2023
Despite scoring a $5 million investment about two months ago, Middle Eastern streaming service Anghami (NASDAQ: ANGH) is facing the possibility of being delisted from NASDAQ due to its sagging stock price. ... Read More...
waverley capital

Waverley Capital Acquisition Corp. Quietly Unwound Last Month in Latest SPAC Shutdown

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October 16, 2023
Following a number of special purpose acquisition company shutdowns, it’s emerged that Waverley Capital Acquisition Corp. (WCAC), a SPAC led by former Warner Music Group CEO Edgar Bronfman Jr., has quietly ce... Read More...
RIAA AI Tom Clees

RIAA’s Tom Clees Says Silicon Valley “Has to Know It Will Be Held Accountable”—But What Are the Rules for AI?

Ashley King
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RIAA SVP of Federal Public Policy Tom Clees is a featured panelist on Digital Music News’ upcoming ‘Rules for AI’ mini-conference, which aims to discuss the impact the technology will have on multiple aspects... Read More...
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Forget the Boomer Catalogs — Now You Can Buy a Piece of the Shrek Soundtracks

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October 4, 2023
Forget about investing in Boomer catalogs; alternative asset investing platform Public now allows members to invest in music royalties, starting with original music from the Shrek films. Investing platform P... Read More...
Spotify darkest days ahead SPOT stock

Top Investment Firm Says Spotify’s ‘Darkest Days Are Ahead’ — ‘Competition Is Fierce, Margins Thin’

Ashley King
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Introducing the “new SiriusXM”: Liberty Media has officially disclosed a proposal to roll its SiriusXM stock group and the satellite radio business itself into “a new, consolidated public company.” Liberty M... Read More...
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Live Nation CEO Michael Rapino Earned 5,414 Times More Than His Company’s Median Employee Pay During 2022, Study Finds

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It turns out Michael Rapino’s $139 million pay package is costing Live Nation in more ways than one, as the promoter now has the dubious distinction of shelling out the largest CEO paycheck and having the big... Read More...
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CTS Eventim has exceeded €1 billion ($1.8B) in revenue during the first six months of the financial year—for the first time. Here's the latest. The German promoter and ticketing company says the diversity of... Read More...

Tencent-Backed VNG, the Developer of Vietnam’s Leading Music Streaming Service, Files To List on NASDAQ

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Ho Chi Minh City-headquartered VNG Corporation, the technology company behind a number of Vietnamese video games as well as the Asian nation’s leading music streaming service, has officially filed for an IPO ... Read More...
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Is Triller Wildly Overstating Its User Numbers Ahead of Going Public?

Ashley King
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Triller is preparing to go public, but something is fishy about its S-1 filing numbers. Here's the latest. As spotted by TechCrunch, the company's S-1 filing reveals the app had 550 million lifetime sign-ups... Read More...
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Warner Music Group Institutes a Regular Quarterly Cash Dividend for Shareholders

Ashley King
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Warner Music Group institutes a regular quarterly cash dividend for shareholders at $0.17 per share on class A and class B common stock. Warner Music Group (WMG) has announced its Board of Directors institut... Read More...
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